Thai PV manufacturer Solartron is planning to double its production capacity, according to local media reports.
The firm’s CEO Patama Wongtoythong told the Bangkok Post that it was looking to expand its current module capacity from 70MW to 150MW.
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The 250 million baht (US$7.6 million) investment drive will be backed with the issuance of 150 million new shares.
The company claims to have a backlog of 60MW and its current facility is approaching capacity. It hopes to have the additional production line, which will be incorporated into its existing factory, online during 2015.
Wongtoythong also revealed that the company will be holding talks with Chinese manufacturers in the first half of 2014 to discuss a partnership to enter the European and Japanese markets.
She said recent anti-dumping measures against Chinese manufacturers would boost the company’s fortunes.